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they are entitled to health care, food, housing, you name it. that's an entitlement, government should give it, and they vote for this president no matter what. john: he took heat for that. how would you have handled that? >> well, in th instance, i think he could have explained it better. i think in those situations you take a crisis -- what could seem like a crisis, a video like that leaked, turn it into an opportunity. let presidt obama attack first, and then use that as a chance to explain myself sing, you know what? those 47% deserve an opportunity. there's more checks out the door than jobs created. i want to represent the 47% and make sure they have a chance, and i will work for them. that's what you do. you spin obama's policieswhich are more checks, more dependents, and say,isten, that's a shame. that's a shame they get a check. no onements to get a check from the government. it doesn't feel good. opportunity feels better. that's what i do for the 47%. john: i thought he was saying it does feel good to them, they like getting a check? don't some people like it? >> i think some do. i m
, mitt romney's closing arguments. >> the government of the united states is not a good venture capitalists, he likes to pick winners and losers, about $90 billion in green energy companies like solyndra and tess la a friend of mine says he doesn't mind picking winners and losers, he likes picking losers. >> half of them, the ones invested in have gone out of business. >> jon: holy crap! is that true, half? 63 energy companies got significant federal stimulus money and three and a half years later five have gone bankrupt. so that is half, 50%, that's amazing. that's-- what? oh, that's not the same number, hold on-- oh, it's actually 8%, man. i really have to get a zune. (laughter) and then sell it and get a calculator. wow, 8% bankruptcy rate, still, maybe that doesn't sound so bad. but compare that to mitt romney, top-notch bain capital venture capitalist. >> "the wall street journal" did some digging for today's paper it looked as 77 businesses bain invested in while romney led the firm. 22% of those companies either filed for bankruptcy or closed 8 years after the bain invest
as doing 100,000 new teachers will not make investment rise . salary takers from the federal government can train jobs for the put future is laughable. best way to do that is are duce the burden. >> mark, is this another stimulus plan that is going to work the same way the last one did? >> i think the last one was ineffective because members of the congress decileded to block it and we spend little and we needed to spend two or three times the amount. it is 287 billion and we should have spent triple that and we have a 14.8 trillion. halfwent to loans and aid to bail out wall street. >> and so why are we going to spend money on jobs? >> we also have a 16.2 trillion debt. and of course, the last bit of spending did nothing to affect that. >> by the way, mark, five trillion in new spending from this president which is equivalent of germany and south korea. >> where are you getting that. >> hold on, mark. >> that is the math accord toth cpo . spring 2009, the had 60 votes of democrats, it is not just gop filibuster as you would like to say. hang on a second. this is a plan for a second first t
, which marks the beginning of the muslim holiday of eid al adha. anti-government activists in the central city of homs say the li, kiinfo pplavfiti w ao poed t nte reports from daraa province in troops opened fire to disperse attempts by the rebels to attack or expand areas under their control. >>> in northern afghanistan, a suicide bomber targeted a mosque as people celebrated the eid al adhahoda th eloonilled at least 36 people and wounded many others. poceay a m detonated the explosives friday outside a mos income maymana.tnsesathatck w wearing a lice unifo. no one has claimed responsibility. afghan security forces are trying to stem the violence. they're looking to take control with the withdrawal of troops by the end of 2014. >>> a new opinion pl sges mitt romney has topped among 50% with voters. it's the first time he hit that pollsters for abc news and "the washington post" surveyed about 1,400 likely voters from sunday through wednesday. 50% of respondents said they wod teor romney, 47% for present barack obama. the pollsters asked who would better manage the economy. 52% said rom
and becoming more efficient through what i have done through office and to make government much more receptive and efficient. >> that leads into the question about civic engagement. it is critical that people are engaged to have a safe, strong and vibrant state. what have you done and what will you do to encourage the kind of participation that you are talking about. >> i think that transparency and disclosure are some of the main reasons that we have so little citizen participation, that is one of the reasons that i started up we stand san francisco it is an on-line society to engage citizen and order people to get more involved in government so that we cannot just have a conversation here, where people could make it, if people could be part of that conversation on-line, just like all of the folks at the richmond senior sen center, so they can participate. i think that what is lacking in government at times is really making sur that citizens have the information, and they are digestable information and so few people when they pay property taxes one of the biggest checks they write every year
. >> a court in milan has convicted former prime minister berlusconi of defrauding the italian government of millions of yours in unpaid taxes. remedy court gave him a four- year term and said berlusconi had shown a natural capacity for crime. berlusconi's lawyers condemned the verdict and promised to appeal. >> berlusconi has dominated italian politics for nearly 20 years, perhaps in anticipation of the jail term. earlier this week, berlusconi said he would not contest the next election. although given a four-year sentence, and was immediately reduced to one year due to an amnesty law from 2006. berlusconi was also fined 10 million euros and then form -- from holding public office for 10 years. the head of the media said television empire was accused of running a complex tax evasion system in the 1990's. prosecutors said berlusconi was part of a scheme to purchase broadcast rights to film through offshore companies and then inflate the cost to reduce taxes owed. the former prime minister will remain free until italy's appeal system is exhausted, a process that could be quite lengthy. >>
government to live your life and make decisions . that kills self-esteem. >> look at the numbers. 53 percent of the workers said they will take stress breaks and find way to deal with stress to keep working. that is a level of commitment they are showing. yeah, this is so much video do sciko babble. i am stressed you are stressed and everybody gets stressed. i mean some guy on the assembly line. how about the guy in the top who is working overtime and trying to make the numbers work. he's stress the guy who is trading stocks like johnathon he's stret. if the markets go up he's happy but down he's stressed. vuto live with it. paul. it is worse because we ared about where the economy. i show up. if i don't show up in my seat i get laid off that. is a stress we haven't seen in a long time. can i ever show my house again and look what happens if we do achieve and create jobs and make money and make it. we are lambaste demonized oh, you didn't earn that and you owe more to the common good. >> to his point is what workers are telling us. they are just showing up m. >> look. i don't think we are ve
and overhauled, it will get rid of hopefully a lot of the special interests, which takes the government out of the intervention and provides a clear playing field for everyone. this could turn around our economy, if done soon and done right. >> brenda: jonas, we don't know exactly what kind of overhaul we would get and isn't that adding uncertainty? wouldn't that keep people from hiring? >> moreover, it doesn't really, neither plan really addresses the deficit and the need for revenues. let's leave that problem off the table and talk about the job situation. i like what romney wants to do, the code has a lot of deductions that shouldn't be there, we should just lower rates and get at them. and in fixing that, if you pay 25%, and then you get deduct the mortgage or don't get to deduct the mortgage and pay 20%. if you're net-net not getting taxed any more, i don't see how that's actually going to lead to more spending and i tell you a little dangerous in the short run, the housing market is still-- and to pull out major deductions the home mortgage deduction being one of them. he didn't say h
's start with you, supervisor. thanks for having me. proposition d is a good government measure that will increase voter turnout in our elections for city attorney and treasurer, two very important offices, and will also save the city 4.2 million dollars every 4 years. right now we elect our city attorney and treasurer in a very, very low turnout odd year election where they are the only two offices on the ballot. and turnout is always extremely low in that election. and it costs us over $4 million dollars to hold that election. proposition d would move the city attorney and treasurer elections to be on the same ballot as the mayor, which is a much myer turn jut election, so more people would be voting for city attorney and treasurer and every time we don't hold that very low turnout odd year election separately for city attorney and treasurer, we'll save 4.2 million dollars. prop d was put on the ballot unanimously by the board of supervisors and it's been endorsed overwhelmingly by both the democratic and republican party. >> dr. faulkner, do you think this is a good idea. >>
is a former government hacker, who is now on the good side, a security specialist, one of the great hackers in the world, he last year decided to explore the vulnerabilities in the iphone. he found a vulnerability in the iphone that when he deployed it the right way, and this was for a contest, it enabled him to take over a portion of that iphone. industrial control computers are on a lot of systems, water systems, electric grids and so on. last year, a disgruntled hacker abroad went into a water system in south houston, texas, and got control of those computers. the list goes on and on. there are hacks of google, security firms. there are millions of attacks, literally millions of attacks around the world and intrusions on computer systems every day. probably the most phenomenal attack involves a warm called stuxnet. in that case, the u.s. government, i think working with israel, but the united states government to felt -- the u.s. government develop a computer warned that went into the nuclear processing facilities in iran and disrupted those computers. >> it was developed by the u.s. gov
,000, according to government data, that each american household share of the debt we owe to foreign countries. in hock, to foreign countries. and 10 grand of that to china alone. so, when you look at those numbers, is it any surprise the world has our number, to ben stein, charles payne, dagen mcdowell and adam lashinsky, dr. payne, great to have you back. >> good to be here. >> the u.s. government is flat broke, but the public isn't broke, that's the shame our average share of the debt that the government wildly throws away and spends like crazy and can't put on your, on any kind of control of, but this is where we are, this is the inflection point, where we are, at the moment of truth where we keep running this up we're asking americans you want the total to be more than that. essentially we've become a total welfare country, a total welfare state unless somehow the american public puts their foot down, government won't do it. >> what i don't like about it, it does put it in a darkly human maybe selfish conscious, this is our share, to folks abroad. >> just to folks abroad. but two-thirds o
the disclosure of confidential information in the government code 6276 and 6276.32, which are part of the public records act, as well as the government code section that the controller's office relies on in terms of the protection of the whistle blower complaints and that is government code section 53087.6. so while i agree, with mr. shaw that the reliance on 6254 f of the government code would not be appropriate, there are other code sections that do protect the disclosure of confidential information and they have been cited in my memo to the commission. >> mr. shaw, i think that you... >> wait. >> you have exhaustively gone through your arguments. i have already given you far more than we would give someone if we were using the new procedures. >> you just dismiss it. >> i am going to give you three more minutes to provide, i think, that we have already gotten through about page 8 of your arguments that you have explained. so i will give you a few more minutes. >> in the... to miss herrick's comment now that there are other codes that may be involved, curiously, and more curiously, none of thos
, i have two foundations. one in africa where we work along side the governments of africa to deliver change to the people in seven different african countries. called the big footprint and then an organization of religious and cultural exchange where we work in some of the most difficult countries in the world where people are educated in the way they think and look at each other. >> gavin: you're not just bringing in resources you're using your own human resource to get involved, hands on, i imagine. >> i raise money for my foundation. i gave my own money to them and i go out to 20 different countries. it's a political after life. not for you governor, yet at any rate. >> gavin: great to see you. >> yes, thank you. >> gavin: thank you. >> gavin: understandably you might think it a bit of a stretch to segue from former head of state to a supermodel, but petra nemcova's story is worth your time. she was injured in thailand when the 2004 tsunami hit. her fiancÉ was tragically killed but petra survived, and it was a life-changing experience. she started the "happy hearts foundation." >
're going to elect a candidate who is going to govern by asking us to make choices that we haven't anticipated. and as a result, we're going to feel betrayed to some extent, even if we voted for that ndidate. >> the debates were the most watched in a long time. your field intersects politics and entertainment. do you think entertainment e.values had something to do wi this? >> well, i think sus ense was what was required down to the wire. s and that's what we got. one won one, another won another. then a coue of draws. what could be better for keepie people watching? unfortunately, the lack of an e answer to who sacrifices what is only the beginning of an endless list that, for me, is reason , to be disappointed, not just in the debates, but in the entire campaign. i want to find out about things that are important, about plutocracy taking over democracy, the widening gulf between the powerful and the powerless. wall street, global warming, on and on. at most, ty made a cameo t, appearance during the debate. and i think they were trivialized by the context. and usually, entirely
are simple. the candidates have jaundice for a conversation about the level of government in our lives. we have asked them to stay on point. the candidates can talk to one another but i will be managing the time is spent on a particular topic. we will have the freedom to move the conversation along. each candidate will have a closing statement along with the 90 statements. -- 90 seconds. there are no opening statements. we flipped a coin. we will begin with night -- tonight with tammy baldwin. i will ask the both the same kind of question. about your portrayal in this campaign. you haven't portrayed as an extreme liberal -- have been portrayed as an extreme liberal. the national journal said you have either one of the most were the most liberal voting records in the house. the late george mcgovern said he was a proud liberal. what are you willing to embrace that definition? >> in wisconsin, we have a tradition of progressivism. it means something here. sometimes the words of liberal and conservative have lost their meaning at the nationalist level. the me tell you what i mean. -- let met t
is that, had there be debates in the e goldwater/johnson election, had there been debates in the mcgovern/xon election, i think we would not have had the blowout landslides that we had. what debates do is take the ec caricaturing of the challenger and give the challenger a chance to stand there and be o the challenger would like to be in front of that audience. i think for governor romney the benefit was he knocked down some of the caricature that had been built of him. and i think he reassured people, even who may vote against him, that he is not as extremtrd reckless as some of the obama advertising and statements would make him out to be. >> see, i would say that he did d not knock down the caricature. he deepened the caricature because his problem is that he will say and do anything, and there is zero accountability for it. so going into this debate, he had to prove that he was not the person that he was in the republican primaries. but simply by saying different things, doesn't make him genuinely be anything else different. he's simply recalibrating what he thinks hneeds to pander to
fear the government is responsible. they use every opportunity to insult us. >> turkey's sunni prime minister called the alawis his -- >> there is only one place for muslims to go and pray. that is the mosque. i don't have anything against their cultural centers. they create divisions in society. >> the idea of men and women dancing together is unimaginable to some muslims. they sing songs and recite poetry while worshiping. their perspective is humanistic and less dogmatic. they worship the son-in-law of the profit mohammad. men and women are symbolically equal, which they show by watching each other's hands. -- washing each other's hands. >> the creator made a man and woman out of a drop of water. if that is how he sought, why shouldn't we treat them equally? >> for sunnis, such an immense amount to heresy. they generally keep their traditions and songs to themselves. the syrian dictator is part of a related sect. >> if there is a dictatorship, the people should get rid of it. it is not the business of other countries to get involved. we have seen what has happened in the so-called
the greatest relationship with the turkish government. it's a completely different world. it's completely opposite. when their armed forces show up, it's not really lacked upon as a good thin. this is why i want to say thank you to our military that's here today, to the army, the navy, the military in general, the marines, the coast guard, even i saw a couple air force running around here yesterday. the fact that you are here and you are in san francisco and you do this every year, it says a lot. because we lack at -- look at this as a good week. we have a great working relationship and after being there and seeing that it's not a good relationship and people get really, really tense when the guys in green show up, it makes me appreciate what we have all the more. there's one other thing i really appreciate, by the way, and i'll direct this to general speese being the trainer that he is, i got a whole new appreciation for muzzle discipline back there. i appreciate the fact that we drill that into our personnel that don't point anything you don't want to shoot at. because there's one p
. we have the details. >>> a government aud slams half a billion dollars in stimulus for green jobs. i say our government dollars are wasted but of course there is somebody to disagree with me. >> bakthrough in video messaging hopes to be the next big thing. entrepreneur behind the game changing technology is here to explain. even when they say it's not it is always about money messa: so first let's take a look at the day's maet headlines. a rough-and-tumble week for stocks ending a on a quiet note. better than expected u.s. third quarter gdp data could knot offset worries about corporate earnings the dow eked out a gain of three points. good year was one of the biggest losers wi shares tumbling more than 10%. the tire-maker missed third quarter estimates driven by weakness in europe. one bright spot was expedia. shar soared 15%. they posted strong third quarter earnings fueled by a sharp rise in hotel bookings. >>> now to our top story. some people are calling it "frankenstorm". others call it a nor'easter-cane combination hurricane, nor'easter snowstorm or nightmare. if you live on t
's government members on the economy. gdp, and mitt omney making his final pitch for this closing argument on the economy. reaction from the former chief economic adviser to the president. ♪ ve laty. but because of business pele like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. heartburn symptoms causedelieve by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way does that make a difference ? look at verin. it's so much more than the other ones. so what
's government members on the economy. gdp, and mitt romney making his final pitch for this closing argument on the economy. reaction from the former chief economic adviser to the president. ♪ gerri: med rodney taking the president to task on the economy and a closing bids to voters in the battleground state of viola today. romney slamming president obama armas added policies that have slowed our rovery while promising big change under of romney-right administration. with more on this, senior fellow for the hoover institute and former chief economic adviser to president george w. bush. welcome back to the show. always great to have you here. >> glad to be with you. gerri: i want to play a little bit of the sounds of our viewers can get a sense of the town. >> short. >> the jobs, where are the 9 million more jobs the president obama promised his stimulus would have created by. [speaking in native tongue] there in china, mexico, canada, countries that have made the sales more attractive for entrepreneurs and business and investment. even as president obama's policies have made it less attrac
of bay government says that they need 18,000 new units of housing and we are nowhere close to that. prop c, something that i encourage you to vote for, but let's go back to the ballot in the years to come and pass an affordable housing bond something that san francisco has not done in close to two decades. we need to improve our public schools in san francisco if we are going to be a family and child-friendly city. prop 13 has starved our schools of funding across the state of california and in san francisco for decades. commercial property owners have been on a tax holiday through the reagan and bush era and have received benefits it is time for us to properly tax commercial property owners here in san francisco so that we can make-up for the lack of funding that we receive from the state. i plan to do that by instituting a commercial rent tax in san francisco. san francisco needs to be a culturally sustainable city and environmentally sustainable, restoring uni, uni has had a structural budget deficit. we need supervisors who are going to have the political will to find the resources t
there is a considerable confusion in the united states government and using the role of the military with covert intelligence agencies and the s. aid the and confused intelligence agencies with the cia with the military. >> the confusion in this instance is the white house with the president pro all the reasons why we've heard of military force could not be sent, we need permission. how was that? the cia denied reque. if the president has an inclination not to use force bureaucrats can follow that. that is the direction. not from leon panetta but from the president. that is what people need to go after. >> exactly. the president hangs around in this country wit people who hate the military, war and defending america up. he wants to go to jon stewart, las vegas, i get himself flattered with young people while soldiers and ambassadors are killed overseas. he is a despicable man in terms of being commander in chief. lou: thank you. more on the worsening scandal. with the "a team" next. 11 days. polls and polls. what happens if neither candidate may -- -- breaches the number of 270? the top stock.
came into the city, we had good government and projects that went forward on time every time. a city that came together and if you can't see that because you're so identified with diversity, then you need to go get your eyes checked. we're so tired of it in this city. i would get away with anything with your attitude. it's not diverse enough. you could take over any country with these type of politics because it's about victimizing its very own citizens. biting the hand that feeds you. if you think that that has any sustainability in this city or any city in the world, you're absolutely deluded. thank you very much. i grew up with a father from the middle east and brothers that were diverse as any family on earth. but i tell you what, the politics in this city is so bad, that it has to change. thank you. >> seeing no other speaker, public comment is closed. if you can call the next item. >> 10 adjournment. >> two words, go giants. meeting adjourned. >> so nicely here, and very happy that all of you could come out and join us, you know, on this evening. my namey. the director of the n
and at the end start doing law enforcement when the government declared catastrophe and the president gave us the authority to do that. so we move the army inland, next the navy in the coastal communities and in san feir fernandes island and doing an airlift to the most affected area. sanfernandes island is a very small island, only a thousand people living there, but it was completely destroyed. that's what we found when we arriving there, debris everywhere, and as you can see that was the port and the square before, and that was after. so the change is, it's quite impressive. the same was a local pier and a school. that was a school. nothing. so we put in the navy, the navy put them in there two, three combat ships, type 23's and l ship and transport plus mtaa aircraft transport, aircraft and hell helicopters to try to help people in there. we used the ships to deliver food, clothes and all that stuff without any problem. also we helped in different matters that the navy can do that. for instance here was with divers and with submarine robot to find bodies. getting medical assistance,
carefully. >> commissioners, ray heart, director of san francisco government. the sunshine ordinance section 6716 minutes reads, any person during speaking during public comment period may supply a brief written summary of their comments which shall if no more than 150 words be included in the minutes. that is the plain, english, reading of the ordinance. and the sunshine task force has ruled four times, including once against this body that in the minutes, means in the minutes. yet, mr. saint crow insists that he is keeping them out because the city attorney says you can. in the task force case 11088, which ethics commission was found in violation of the ordinance, to date this commission has refused to comply and refused to hear the referal from sotf from ethics, of course what you produced is 134-page response trying to justify it which is a load of crap. why are you so afraid of having comments from the public be presented accurately in the official records of your meetings. why do you insist on placing the 150 word summaries in an alternative location, substituting in
part, all be ignores campaign and government code 4.105 d. states that the ethics commiting shall investigate complaints under the section that alleged violations of local campaign finance lobbies and financial interest and government ethics laws, which commissioner hur pointed out. however, section 4.105 a, states. any person can file a complaint with the ethics commission alleging that a city officer or employee has engaged in improper activity by, again, violating campaign finance lobbying, conflicts of interest, or government ethics laws, regulations. the difference between them is that the complaints can be filed under 4.105 a. alleging many different violations of improper activities but under 4.105 d, not all of them are investigated pursuant to procedures in c3699-13. so the whole thing in my opinion is moot. . i believe that miss herrick, may have also have wrongly claimed that the california evidence code 1040, and its definition of official information, may have been misquoted and she may have incorrectly relied on deputy city attorney improper letter to the sunshine
it with you all the time? >> everywhere i go. concealed weapon. u.s. government gave me that. lost a lot of good friends of mine fighting for this country for nothing. for nothing. all because of the u.s. government. >> reporter: you're mad at the government. >> very mad at the government. yeah, i got a lot of hate in me. i got a lot of built up anger, a lot of hurt. a lot of hurt. >> reporter: pastor hartsfield knows all about hurt. >> it hurts deeply and i struggled for a long time not to hate those people that did that. good will overcome evil. right will overcome wrong. >> reporter: on this night, you can only hope the pastor's right. indeed. thanks for watching abc news. "good morning america" will be waiting for you in the morning with the latest on hurricane sandy. we're always online at abcnews.com. have a safe weekend, america. jimmy kimmel, right here next. >>> tonight on "jimmy kimmel live" -- aziz ansari. >> i got mr. ethic. it was all white kids. how about the little brown boy that looks like the most adorable piece of carmel ever. >> as of friday morning, lindsay lohan was
than it should be. when you figure government spending accounted for a gd chunk, you have to wonder if things are really looking up, not when business investment skids 1.3% in the same quarter and scores of companies were making clear they are not investing much more this quarter. many are worried about next year battening down the hatches laying off thousands of workers for what could be the perfect economic storm. we're in for nasty weather. to me sis is a francis on just how nasty. what do you think? >> business spending on fixed expenses, fixed costs down 1.3%. they are not willing to buy buildings, take on higher represent, not buying computers or equipment because they don't believe the demand i coming. they are not making any bigger investment that's what we need to lift the economy is that investment, and the fact it's declining? wow, that's really a bad sign. neil: scott, a better future indicator? what so many ceos are saying i'm preparing for the worst just in case. suspect that a more telling future? >> yeah, look at consumer spending numbers. the positive note is it inc
u.s. economy picks up steam thanks to sp. ding by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries,o tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset manament joins us. >> susie: that and more tonight on "n.b.r."!me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post gr
a uniform standard governing conduct of investment advisers or broker dealers and to develop a comprehensive regulatory regime for over-the-counter derivatives among many other things. today is like to focus on a few specific provisions of the act, tying back to fundamentals and mentioned a moment ago in hopes that should the students who are with us today ever put your impressive educations to use as public servant, you will look back -- you look at potential regulation and just display. so let me start with title vii of dodd-frank, part of the active for the first time creates a comprehensive regulatory regime for the over-the-counter toronto-based market. title vii illustrates the importance of financial fundamentals on a vast scale, addressing nature of this market with a global notional value of some $650 trillion. derivatives are financial products and derive their value from some underlying theme and one common type of derivative is a swap, which is the financial contract in which two counterparties agree to exchange or sloppiness with each other as a result of things such as changes
are confident that we have the cooperation of the libyan government. >> bill: that is the same answer the president has given for weeks. nothing new. instead of citing some inconsistencies from the administration about the libyan attack, mr. williams dropped the subject. totally dropped it after one misleading question. going on to the bogus women's health issue. mr. williams implied that american intelligence stands behind the theory that the libyan attack was, quote: spontaneous. that is not a fact. but was presented as such by brian williams. now, talking points is not sniping at either the president nor mr. williams. but this is one big mess. and the national media is not demanding answers nor did governor romney during the foreign policy debate. by the way, despite that interview with mr. obama, the factor at 8:00 last night beat the nbc program rock center in total audience, which is kind of amazing. getting back to libya. my view is this: muslim terrorists were tracking ambassador stevens. they had heavy weapons at the ready. and saw an opening to attack in benghazi. there is
the recession officially ended, that may spare government, but it won't stimulate the private sector than it did four years ago. >> that's what mitt romney said today at kinsler construction services in ames, iowa. you know that blissful moment waiting for the other shoe to drop? you can see david letterman scrutinizing the ties. to look for the tag to see where it's made. you know you're in that moment right now? as noted at think progress today, kinsler construction services benefitted from almost $700,000 from the stimulus that mr. romney says did no good for any companies in the private sector. you can try to make the argument that the stimulus program did not help private businesses even though the evidence shows the opposite is true. but he you're trying to make that false argument, that the stimulus program didn't help any private businesses, as you are standing at a private business that the stimulus helped, that is a particular kind of implicit lie. and the rest of us can see that lie as it is unraveled in realtime by reporting. even if you the teller of that particular lie do not seem
-up in spending by consumers, the federal government and the housing sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recession, it should be a lot better. experts call it a side-ways economy, one that is unable to create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets of new york have different takes on what a 2% economy means to them: >> it means first of all that anyone trying to look for employment is going have a tough time but don't give up. i myself was out of work for eight months, before i got my present job, but i just hung in there. >> right now, for us middle class folks, that probably doesn't mean much. what that will
like $2 an hour. so the chinese government has structured its infrastructure and everything else to support this idea, to bring factories in, to take advantage of that cheap labor, and to put inexpensive products out to compete on the world market. and boy, does it compete. look at this graph showing what has happened since 1985. this is how many chinese products we were importing in 1985. and it has gone up and up and up and up, so that this is a recession right here, by the way, the little dip there, it's now reached levels here, dropped down a little bit more. but a tremendous increase in the number of chinese products coming into the united states since 1985. but now look at what we're sending over there. u.s. products in 1985 were about even with chinese, and now not nearly as much. it's far behind. what can a president do about that. they could put some kind of a trade barrier in place to stop the chinese imports, but if they did that, china would probably respond with trade barriers to u.s. products going there. they could say to the u.s. companies, you can't go over there
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